THG PLC 27.7% potential upside indicated by Barclays

THG PLC with ticker (LON:THG) now has a potential upside of 27.7% according to Barclays.



Barclays set a target price of 89 GBX for the company, which when compared to the THG PLC share price of 70 GBX at opening today (29/09/2023) indicates a potential upside of 27.7%. Trading has ranged between 31 (52 week low) and 118 (52 week high) with an average of 4,928,368 shares exchanging hands daily. The market capitalisation at the time of writing is £909,895,852.

THG PLC is a consumer brands company, which retails its own brands in beauty and nutrition, plus third-party brands, via its proprietary, end-to-end, e-commerce technology, infrastructure and brand building platform THG Ingenuity. The Company’s business is operated through the following divisions: THG Beauty, which is a brand owner, retailer and manufacturer in the prestige beauty market, combining its owned brands across skincare, haircare and cosmetics; THG Nutrition, which includes online sports nutrition brand Myprotein and its family brands (Myvegan, Myvitamins, MP Activewear and MyPRO) with an integrated business model, and THG Ingenuity commerce provides direct-to-consumer e-commerce solution for consumer brand owners under software as a service license. Its other business includes Luxury D2C Websites including Coggles, AllSole and MyBag.